By , CHENNAI/NEW DELHI (Reuters) - India’s drugs regulator on Saturday recommended for emergency use a locally developed coronavirus vaccine called COVAXIN, which is expected to be a backup to the AstraZeneca/Oxford shot.COVAXIN has been developed by Bharat Biotech, a company based in Hyderabad, with backing from the state-run Indian Council of Medical Research (ICMR).Not much is known about the safety and efficacy of COVAXIN. The company says it has submitted all data to the drugs regulator.The head of India’s drugs regulator is expected to share details about it at a news conference on...…By , CHENNAI/NEW DELHI (Reuters) - India’s drugs regulator on Saturday recommended for emergency use a locally developed coronavirus vaccine called COVAXIN, which is expected to be a backup to the AstraZeneca/Oxford shot.COVAXIN has been developed by Bharat Biotech, a company based in Hyderabad, with backing from the state-run Indian Council of Medical Research (ICMR).Not much is known about the safety and efficacy of COVAXIN. The company says it has submitted all data to the drugs regulator.The head of India’s drugs regulator is expected to share details about it at a news conference on...WW…